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A comment on Sanders to propose canceling entire $1.6T in US student loan debt. Parent comment

Re:Sanders to propose canceling entire $1.6T in US student l... by jonahbenton on Monday June 24, 2019 @12:18AM (#20260534)
You may be a market timing genius and/or unicorn day trader but generally speaking nobody beats the market and nobody should be moving their own nest egg around, which usually only makes the brokerages money.
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Re:Sanders to propose canceling entire $1.6T in US student l... by repolfx on Monday June 24, 2019 @08:26AM (#20262792)
So the transaction fees get passed on to the people who buy into the funds (except, buying into a fund is also a "financial transaction" so may also end up being taxed).

Moreover this logic seems to assume HFT is useless. It's a source of liquidity. Everyone who directly or indirectly invests in the stock market ends up paying for higher liquidity - it's just a case of how easily you can see it.

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